BRIO INDUSTRIES acquires $4.3 million distribution company.VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 21, 1995--BRIO (Brio Technology, Palo Alto, CA, www.brio.com) A software company founded in 1989 and acquired by Hyperion Solutions Corporation in 2003 that specialized in enterprise analysis and reporting programs that run on several platforms. Brio's major products for Web querying, automatic report distribution and metrics analysis have all been re-named to the Hyperion model of business intelligence and performance applications. For more information, visit www.hyperion.com. INDUSTRIES INC. ("BRIO") (NASDAQ: BRIOF) is pleased to announce that it has entered into an agreement to acquire Daytimer Distributors Ltd. ("Daytimer") for $522,500, consisting of $385,000 cash and 25,000 shares of Brio at the deemed price of $5.50 per share. Daytimer distributes non-alcoholic beverages in Alberta, and has relationships with a majority of the major retail and convenience stores in Alberta. Sales for the year ended April 30, 1995 totaled $4,349,047. This acquisition will serve to compliment Brio's subsidiaries, Brio Beverages and Brio Juices by opening up doors for distribution. Commenting on the acquisition, Hermann Hermann, d. A.D. 21: see Arminius. J. Riepl, president of Brio Industries, said, "This is very exciting for Brio Industries because it will add substantially to our sales and profits, plus expand distribution of our own Highland Springs brand." BRIO is principally a manufacturer and packager of carbonated and non-carbonated beverages including water, soft drinks, new age beverages and juices, under contract to third-party mass marketers of beverages for sale in Canada and the United States. The company provides similar services for brand name labels as well as private label beverage lines sold by supermarket chains and other retailers and marketers. -0- All dollar figures in this release are expressed in Canadian dollars. CONTACT: Brio Industries Inc., Vancouver Hermann J. Riepl, 604/436-5876 or 800/729-2746 or Strategic Growth International Inc., Great Neck, N.Y. Stan Altschuler/Richard Cooper, 516/829-7111 |
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